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US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments

6.2.2022
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurrencies for payments. Virtual Currency Tax Fairness Act Introduced in the...

Major Geographic Shift in Crypto Use Exposed by Trading Volumes

20.1.2022
An analysis of trading volumes on major crypto exchanges has revealed a geographic shift in crypto trading activity.... Read More: Major Geographic Shift in Crypto Use Exposed by Trading Volumes

Russian Central Bank Proposes Crypto Use and Mining Ban

20.1.2022
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too. The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...

Indonesian Islamic organization issues new fatwa against crypto use

20.1.2022
The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange

DeFi, Metaverse, and NFTs: Top Crypto Use-Cases Capable of Changing the Market

16.12.2021
The crypto industry has experienced tremendous growth in the past two years. Crypto is on its way to the mainstream as it presents multiple use-cases. NFTs, Metaverse, and DeFi are three of the most popular cryoto phenomena that have emerged in recent years. For a long time, virtual reality...

Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation

12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...

Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

14.5.2021
According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important...

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

1.5.2021
Bitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source...

Miami Commissioners Reject Mayor’s Push to OK Crypto Use, Vote to Study It First: Report

12.2.2021
The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin. Residents would also have the option of using cryptocurrency to pay for city services

Crypto Use in Terrorism ‘a Growing Problem,’ Yellen Says

11.2.2021
"I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism," Yellen said

A New Crypto Use Case: Betting on an American Nightmare

3.12.2020
How people abroad are betting on Trump refusing to leave the White House. Green means the price went up. Red,Continue Reading The post A New Crypto Use Case: Betting on an American Nightmare appeared first on CoinMarketCap Blog

Peru, India, Indonesia, Nigeria Among Countries With Highest Crypto Usage Increase

11.8.2020
Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain.com, which has over 52 million wallets created by users worldwide. Nigeria has been the most trending country in recent months, with a 60% increase since...

Crypto Use-Cases in Africa on the Rise, According to Luno

3.7.2020
Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where...